Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Ring Energy Inc’s current trading price is -35.84% away from its 52-week high, while its distance from the 52-week low is 12.80%. The stock’s price range over this period has fluctuated between $1.25 and $2.20. The company, operating within the financial sector, had a trading volume of approximately 2.7 million for the day, which was noticeably higher than the average daily share volume of 1.93 million over the last 3 months.
Ring Energy Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $2.20 on 04/12/24, while the lowest value for the same period was recorded at $1.25 on 02/06/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Ring Energy Inc (REI) has experienced a quarterly decline of -18.02% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 279.46M and boasts a workforce of 108 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.6538, with a change in price of -0.4900. Similarly, Ring Energy Inc recorded 1,752,798 in trading volume during the last 100 days, posting a change of -25.79%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for REI stands at 0.47. Similarly, the long-term debt-to-equity ratio is also 0.46.
REI Stock Stochastic Average
Today, Ring Energy Inc’s raw stochastic average for the past 50 days stands at 10.11%, indicating a decline from the raw stochastic average of the last 20 days, which was 17.65%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 21.57% and 19.48% respectively.
REI Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price loss of -3.42% this year. Over the last six months, there has been a stronger performance of -14.55%. The price of REI leaped by -7.24% during the last 30 days period. For the last 5-days stocks have slided -3.42%.
